SOUTH Australia’s urban development agency Renewal SA is looking for interested developers to partner in a new 1500-homes masterplanned community in Oakden, just 10km from the city.
Renewal SA has worked with other state agencies to consolidate an area that encompasses land occupied by state government facilities that have closed or are soon relocating, including the Forensic Mental Health Service, Hillcrest Hospital, the Strathmont Centre, and the Oakden Older Persons Mental Health Facility.
Renewal SA chief executive Chris Menz said the Oakland site presents an outstanding investment opportunity for a development partner to deliver a significant residential and mixed-use community over 52 hectares of land within 10 kilometres of the CBD.
Renewal SA general manager of major projects and pipeline Tony Cole said the Oakden land parcel provides a unique opportunity to deliver one of the last large-scale infill development opportunities in the Adelaide metropolitan area.
Bounded by Sudholz Rd and Fosters Rd with frontage along Grand Junction Rd, the site is expected to yield approximately 1,500 dwellings including affordable housing and a potential new activity centre providing neighbourhood services and shops.
“The Oakden development is a prime example of Renewal SA’s pipeline program that is delivering a range of projects and investment opportunities from housing developments to medium-to-large-scale urban renewal, in addition to industrial and commercial opportunities.
“There are a number of additional opportunities being released to market, the next being a mixed-use development opportunity at 10 Anzac Highway, Forestville. Renewal SA will be seeking development partners on this site in early 2021,” Cole said.
CBRE’s Harry Einarson is handling the campaign which closes 10 December.